Issue link: https://maltatoday.uberflip.com/i/546399
Events 47 maltatoday, Sunday, 26 July 2015 GO shareholders endorse property company spin-off by 99.3% GO plc (GO) shareholders have en- dorsed the spin-off of a subsidiary, Malta Properties Limited (MPL), into a separate, and publicly listed entity focused on property man- agement. The necessary changes to GO's memorandum and articles of as- sociation and a related resolution enabling this restructuring were approved during an extraordinary general meeting held this evening. As a result of the spin-off, all GO shareholders will receive exactly the same number of shares as they currently own in GO, in the new entity. Based on a recent report carried out by Architecture Project, MPL's property portfolio, covering 11 dif- ferent sites, is valued at nearly €53 million. "The Spin-off of MPL will allow GO to focus on its main business of communication while MPL fo- cuses on maximising long-term value for our shareholders from the Company's extensive property portfolio," MPL Chief Executive, Nikhil Patil said. "As the two companies will now be listed separately, shareholders are also free to either maintain their shareholding in both com- panies or to focus more on the company which better suits their investment objectives." "The properties in our portfolio have considerable potential for re- development which should drive growth based on the solid foun- dation of also having GO as a key tenant in some of our sites," Patil added. "Two years ago, GO had made clear that it wanted to pursue a clear strategy to develop its sub- stantial property portfolio and maximise value for shareholders. Different options were evaluated and the conclusion reached that a spin-off would be the best ap- proach to achieve our objectives," GO plc Chairman, Deepak Pad- manabhan said. "GO is a communications com- pany, not a property manager or developer, and so there is a clear ra- tionale for empowering MPL with the freedom to focus on its task of redeveloping the 11 properties currently in our portfolio, thereby generating new income streams and enhancing long-term value," Padmanabhan added. "Seen also in the context of GO's own, equally exciting, recent stra- tegic investments in Fibre to Home, 4G and wi-fi, these are interesting times indeed for our shareholders. I would therefore also like to thank them for their enduring support and for now overwhelmingly en- dorsing this restructuring, which required the approval of 75% of the shares." The company listing is expected to take place before the end of 2015 and it is expected to continue un- der Patil's leadership. Patil has been on the Board of Directors at GO plc for eight years and he also sits on the Boards of BMIT, GO's subsidiary data serv- ices provider, and Cablenet, the Cypriot communications opera- tor in which GO also has an inter- est. In addition, Patil is a director for strategy & investments, with Emirates International Telecom- munications, which has a 60% shareholding in GO plc. This summer, Coke is sticking to its roots, encourag- ing the 'sharing' of the refreshing soft drink with a loved one, this time in the form of a kiss, with its 'Share a Kiss' campaign. For the third summer in a row, Coca-Cola shall part with its dis- tinctive ribbon- like logo to ex- change it with various male and female names and nicknames, inviting its con- sumers to share the bottle with peers and loved ones. The campaign is the next step of the 'Kiss Hap- piness' campaign, which cel- ebrates the 100-year anniversary of the Coca-Cola's signature con- tour bottle. The iconic contour bottle is one of the 'most-kissed' objects glo- bally, as it has touched the lips of consumers all over the world more than 1,5 trillion times since the time it was born. Since it celebrates its 100th birthday this year, Coca-Cola is inviting consumers to come clos- er and let themselves indulge in the sweet sensation of a kiss. The famous contour bottle has notably locked lips with stars from Marilyn Monroe and Elvis Presley, to Rita Ora and Avicii. Having always been synony- mous with the cinema screen and music culture, Malta's Ivan Grech from local band Winter Moods and Valentina Rossi from the TV series and later film production Il- Klikka are also featured as Malta's own Coca-Cola celebrities. Consumers worldwide now have the chance to share kisses through the medium of an iced, cold Coca-Cola. The name pack- ages excite consumers, provoke discussions and, of course, ignite countless kisses. The global celebration for the 100-year-old iconic bottle will last throughout all of 2015 and the bottle acts as the focal point for the global campaign, which is aimed at continuing the global growth trends for Coke, in more than 130 countries worldwide. Coke gets lovey-dovey with 'Share a Kiss' Coldwell Banker real estate LLC is pleased to present this year's Generation Blue conference in Chicago. The Coldwell Banker Genera- tion Blue Experience takes the learning out of the conference room and brings you to historic, world famous locations for net- working and parties. The conference has become a well-known and widely anticipat- ed annual event and it was devel- oped to give our network a memo- rable and educational experience like no other real estate brand. The event some of the biggest speakers in the world, both inside and outside the industry, and the robust learning tracks are beyond what any attendee could expect. Generation blue began holding its conferences in 2011 when it hit the Vegas strip. The follow- ing year took this event to New Orleans, and in 2013 it was held in New York. Last year was even bigger with the event being held in Hollywood. This year's symposium will head to the iconic Chicago Theatre, the first large, lavish movie palace in America. This location is only fit- ting to host General Session for the oldest and most established residential real estate franchise system in North America. Those interested are invited to call 2339 2299 or send an email on info@coldwellbanker.com.mt for more information. Learning session during last year's Gen Blue experience in Hollywood A journey of flavours at Sharma Coldwell Banker's Gen Blue conference heads to Chicago Sharma Ethnic Cuisines, now an established and popular restau- rant in Mdina, offers an eclectic mix of traditional cuisines from India, North Africa and the Medi- terranean. Sharma's decor is inspired by the ancient spice-trading route that used to run from India, through the Middle East, and lead to North Africa and the Mediterranean. Interaction between these differ- ent cultures over the centuries in- fluenced their respective cuisines and customs, which have evolved into those we are accustomed to today. Sharma tries to offer something more than just food and drink. The authentic presentation of the various cuisines on offer will stimulate your senses and most of all, your visit will certainly be a memorable experience! Housed in Casa Magazzini, the restaurant also boasts a large ter- race on top of the bastions, which is open from early June until late September where you can enjoy a romantic meal in the evening. Take the opportunity to enjoy the beautiful views of the valley be- tween Rabat and Mtarfa, or just take in the marvelous sunset. Sharma is open for lunch on Sun- day from noon till 4.00pm with last kitchen orders at 3.00pm and all week in the evenings from 6.30pm onwards with last kitchen orders at 11.00pm. Friday and Saturday nights you can book either for the first seating (6.30pm-7.00pm to be ready by 9.00pm) or for the second seating (from 9.00pm onwards). Booking is advised. Young guests must be 7 years and over. Pets not allowed. Smok- ing is allowed on the terrace and a cigarette vending machine is also available. For birthday or any other occasion guests can bring their own cake or pre-order from Sharma at the time of booking. For more information, get in touch by phone on 2145 3817 or 9999 6315, via email at info@sharma.com.mt, or on Facebook.